Price Action
XRP briefly fell below a key support level near $1.13 on heavy volume before recovering most of its losses. The token traded within its established range after the session low near $1.12. Traders continue to monitor the $1.10 to $1.30 band for a breakout.
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XRP rose more than 2.5 percent on May 10 to break through the $1.45 level that had capped gains for weeks. The move outpaced both bitcoin and ether and occurred alongside one of the largest volume spikes in recent sessions.